Published 2 November 2026 · By Jatin Dua, Broker of Record, RE/MAX Quantum Realty
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The best condos to rent in Thornhill for 2027 are World on Yonge, Promenade Park Towers, D’Or, Legacy Park and The Palladium. Thornhill rents are reported by city: in Q2 2026, a two-bedroom condo leased for an average of $2,666 in Vaughan and $2,840 in Markham, according to TRREB.
This guide is for renters looking at a condo in Thornhill for 2027, whether you want to be on Yonge Street, near the Promenade or in the quieter towers along Bathurst. You get my five picks, what each building is like for a tenant, what condos lease for on both sides of the city line, and what to check before you sign.
Is Thornhill in Vaughan or Markham, and why does it matter for renters?
Both. Thornhill is a community, not a city, and it is split down Yonge Street. Buildings on the west side, like The Palladium at 7250 Yonge, are in the City of Vaughan. Buildings on the east side, like World on Yonge at 7161 Yonge, are in the City of Markham. Rental reports and price data are published by city, so you will see Thornhill condos counted under Vaughan or Markham, never under Thornhill itself.
For a tenant, the split mostly affects which city’s services, bylaws and transit routes you deal with. Your rights under Ontario’s Residential Tenancies Act are the same on both sides.
How did I choose the best condos to rent in Thornhill?
I compared buildings on transit, suite sizes, amenities, what the condo fee covers, building age, and whether units fall under the rent increase guideline. This is my own shortlist, not a paid ranking, and I do not quote rents for single suites.
| # | Building | Address | City | Built | Why renters like it |
|---|---|---|---|---|---|
| 1 | World on Yonge | 7161 and 7171 Yonge St | Markham | 2014 | Indoor pool, wide range of suite sizes, on Yonge |
| 2 | Promenade Park Towers | 1 Promenade Cir | Vaughan | 2025 | Newest towers, direct access to the Promenade mall |
| 3 | D’Or Condos | 10 and 20 Gatineau Dr | Vaughan | 2023 | Newer suites with an indoor pool |
| 4 | Legacy Park | 7890 and 7900 Bathurst St | Vaughan | 2017 | Concierge tower on Bathurst, covered by rent control |
| 5 | The Palladium | 7250 Yonge St | Vaughan | 1990 | Large suites with heat, hydro and parking in the fee |
Source: public condo listing pages for each building, read November 2026. Year is the completion or registration year shown there.
1. World on Yonge, 7161 and 7171 Yonge Street
What it is like: Liberty Development Corporation built these two 31-storey towers on the Markham side of Yonge Street, north of Steeles Avenue. The condominium was registered in November 2014 and has about 710 suites from roughly 325 to 1,399 square feet, so you can find anything from a studio to a large two-bedroom. Its listing page shows an indoor pool, sauna, yoga studio, media room, party room and guest suites.
Getting around: A bus stop at Yonge Street and Doncaster Avenue is steps away, and Toronto starts at Steeles, a short ride south.
Who it suits: Singles and couples who want a full amenity package and Yonge Street at the door.
What to check: With more than 700 suites, elevator booking for move-in can fill up, so book early. Units here were first occupied before 2018, so the 1.9% guideline for 2027 normally applies.
2. Promenade Park Towers, 1 Promenade Circle
What it is like: Liberty Development’s newest Thornhill project sits on the Promenade Shopping Centre lands near Bathurst and Centre Streets. The developer’s description highlights two towers on a shared podium with direct ground-floor access to the mall and a green roof terrace on the second level. Its listing page shows 35 floors, 760 suites from about 482 to 2,130 square feet, and a condominium registered in October 2025.
Getting around: A bus stop on Promenade Circle at the mall’s east entrance is a short walk, with the Bathurst North route nearby.
Who it suits: Renters who want a brand-new suite and groceries, shops and services without crossing a road.
What to check: This is a new building, so expect deficiency repairs and strict move-in booking. In my experience, when a large building finishes, many owners look for tenants at the same time, which can give you room to negotiate. Units are exempt from the rent increase guideline because they were first occupied after 15 November 2018.
3. D’Or Condos, 10 and 20 Gatineau Drive
What it is like: D’Or is a two-tower project by Cityzen Development Group in the Beverley Glen area on the Vaughan side. Its listing page shows 20 floors, 424 suites from about 529 to 1,959 square feet, and a condominium registered in June 2023. Amenities listed include an indoor pool, gym, concierge and party room.
Getting around: A bus stop at New Westminster Drive and Katerina Avenue, on the Thornhill route, is steps away.
Who it suits: Renters who want a newer building with a pool on a quieter street.
What to check: Units are exempt from the rent increase guideline. If you plan to stay several years, ask for a longer first lease or agree on renewal terms in writing.
Condo Valuation
What’s your condo
worth today?
Three quick steps. Condos don’t price like houses — your floor, your view, and whether you own parking move the number more than anything else. This weighs all of them.
Reading recent condo sales…
Estimated market value
—
$0–$0
Most likely $0 · about $0 per square foot
What moved the number
Starting from what comparable units in your area sell for, here’s what your specifics added or subtracted.
Market context
—
—
Two units, same floor plan,
$90,000 apart.
That happens constantly in condos — one has the parking, the right exposure, or a board that keeps the reserve fund healthy. A model can’t see your status certificate. I can.
4. Legacy Park, 7890 and 7900 Bathurst Street
What it is like: Legacy Park is the final phase of Liberty Development’s long-running condo community on Bathurst Street. The building has 25 floors and 437 suites, and its condominium was registered in February 2017. The listing page shows a gym, sauna, concierge and party room.
Getting around: A bus stop at Bathurst Street and Beverley Glen Boulevard is steps away, served by the Bathurst and Thornhill Woods routes.
Who it suits: Tenants who want a staffed building and the certainty of rent control.
What to check: Because units were first occupied before November 2018, the rent increase guideline normally applies. That makes Legacy Park a good choice if you want predictable rent while staying on the Bathurst side.
5. The Palladium, 7250 Yonge Street
What it is like: The Palladium is an 18-storey tower from 1990 on the Vaughan side of Yonge, near Steeles. It has 196 suites from about 952 to 1,528 square feet, which is far more space than a new condo at the same rent. The listing page shows an outdoor pool, concierge, security, party room and recreation room, and a condo fee that covers heat, hydro, water, air conditioning and parking.
Getting around: The nearest bus stop is at Yonge Street and Glen Cameron Road, a short walk.
Who it suits: Families, downsizers and roommates who need two real bedrooms and a predictable monthly cost.
What to check: Because the owner’s fee covers utilities and parking, your rent should too. Confirm it in section 5 of the standard lease. Older suites vary inside, so view the unit before you sign.
How much does it cost to rent a condo in Thornhill?
TRREB publishes lease data by city, so Thornhill falls under Vaughan or Markham depending on the side of Yonge. These are the latest quarterly figures. When I checked trreb.ca on 10 November 2026, the third-quarter report had not been posted.
| Condo apartments, Q2 2026 | 1-bedroom | 2-bedroom | Units leased |
|---|---|---|---|
| Vaughan (west side of Yonge) | $2,130 | $2,666 | 1,008 |
| Markham (east side of Yonge) | $2,214 | $2,840 | 742 |
| York Region | $2,190 | $2,772 | 2,129 |
| All TRREB areas | $2,273 | $3,013 | 21,251 |
Source: TRREB Rental Market Report, Q2 2026, average lease rates for condo apartments leased through MLS. City-wide figures, not Thornhill-only.
A two-bedroom condo leased for about $170 more a month in Markham than in Vaughan. Both cities had plenty of supply: Vaughan listed 1,389 condo apartments for rent in the quarter and Markham 973. My guides to average rent in Vaughan and average rent in Markham go deeper on houses, townhouses and basements.
Will the Yonge subway extension change rents in Thornhill?
Metrolinx is extending Line 1 about eight kilometres north from Finch Station to Vaughan, Markham and Richmond Hill, with five new stations. Its project timeline shows the tunnelling contract awarded in July 2025 and the first tunnel boring machine arriving at the launch shaft in September 2026. The page gives no opening date.
Do not pay a premium today for a subway that is still years away. Rent for the transit you have now. If you plan to stay long term, an older building on Yonge under the rent increase guideline could serve you well, because any future rise in demand near the stations would mostly show up in new leases, not yours. That is my view, not a forecast.
Condo prices have also softened. From January to October 2026, the median condo apartment sold for $530,000 in Vaughan, down 10.9%, and $558,000 in Markham, down 13.2% (TRREB MLS data via REALM, city-wide). If you are weighing renting against buying, my Thornhill agent guide explains what to ask before you buy here.
What should you check before signing a condo lease in Thornhill?
- Rent control status. The 2027 guideline is 1.9%, but units first occupied after 15 November 2018, such as those at Promenade Park Towers and D’Or, are exempt. Landlords must still wait 12 months between increases and give 90 days’ written notice.
- Deposit. Under the Residential Tenancies Act, a landlord can collect only a rent deposit of no more than one month’s rent, applied to your last month, plus a refundable key or fob deposit. Damage deposits are not allowed.
- What the rent includes. Older towers like The Palladium often include utilities and parking. Newer ones usually do not.
- Building rules. Ask for the condo’s rules on pets, move-in times and amenity bookings before you sign.
Listing descriptions and amenity lists are written to sell, and they are not always current. Before you commit, visit the building, walk to the nearest bus stop at rush hour and ask the concierge which amenities are open. Never send a deposit for a unit you have not seen.
What to do next
- Decide whether you want Yonge Street or the Bathurst and Promenade side, and how you will get to work.
- Ask each landlord if the unit is exempt from the rent increase guideline and which utilities are in the rent.
- Compare any quote with the Vaughan or Markham TRREB averages above.
- Read the standard lease in full and pay no more than a one-month rent deposit.
- If you are thinking of buying within a year or two, talk to a local agent before signing a long lease.
Need help with this? Talk to me.
I’m Jatin Dua, Broker of Record at RE/MAX Quantum Realty, and I’m the best agent to do this kind of work for you in Toronto and across the GTA. Over $100 million in GTA sales and 100+ families helped sell. Feel free to contact me any time: call or text 833-330-1925 or email [email protected].
Frequently asked questions
How much does it cost to rent a condo in Thornhill in 2027?
Thornhill rents are reported under Vaughan and Markham. In the second quarter of 2026, a one-bedroom condo leased for an average of $2,130 in Vaughan and $2,214 in Markham, and a two-bedroom for $2,666 and $2,840, according to TRREB. These are the latest quarterly figures heading into 2027 and cover each whole city, not just Thornhill.
Is Thornhill part of Vaughan or Markham?
Both. Thornhill is a community split by Yonge Street. The west side is in the City of Vaughan and the east side is in the City of Markham. For example, The Palladium at 7250 Yonge Street is in Vaughan and World on Yonge at 7161 Yonge Street is in Markham. Rent and price data are published by city.
Which Thornhill condos have a pool?
World on Yonge and D’Or Condos list an indoor pool, and The Palladium lists an outdoor pool, according to their listing pages in November 2026. Amenity lists change, and pools close for repairs from time to time. Ask the property manager or concierge what is open before you sign a lease in Thornhill.
Are new condos in Thornhill exempt from rent control?
Yes. Units first occupied for residential purposes after 15 November 2018 are exempt from Ontario’s rent increase guideline. In Thornhill, that includes most suites at Promenade Park Towers, registered in 2025, and D’Or Condos, registered in 2023. Older buildings such as Legacy Park and World on Yonge are normally covered by the 1.9% guideline for 2027.
When will the Yonge North subway extension open?
Metrolinx has not published an opening date for the Yonge North Subway Extension. Its timeline shows the tunnelling contract awarded in July 2025 and the first tunnel boring machine arriving at the launch shaft in September 2026. The project extends Line 1 about eight kilometres north from Finch Station with five new stations.
Is it easy to find a condo to rent in Thornhill?
Yes, supply is healthy heading into 2027. In the second quarter of 2026, TRREB recorded 1,389 condo apartments listed for rent in Vaughan and 973 in Markham, against 1,008 and 742 leases signed. More listings than leases usually gives Thornhill tenants room to negotiate on price, start date or parking, especially in newly finished towers.
Can a landlord ask for first and last month’s rent in Thornhill?
A landlord can collect the first month’s rent plus a rent deposit of no more than one month’s rent, which is applied to your last month. That is the only security deposit allowed under Ontario’s Residential Tenancies Act. A refundable key or fob deposit is allowed, but a damage deposit is not.
Which Thornhill condos include utilities in the rent?
Older buildings are your best bet. At The Palladium on Yonge Street, the condo fee covers heat, hydro, water, air conditioning and parking, so leases there often include them. Newer Thornhill towers usually meter hydro separately. Check section 5 of the Ontario standard lease, which lists exactly what your rent includes.
Which Thornhill condo is connected to a shopping mall?
Promenade Park Towers at 1 Promenade Circle, on the Vaughan side of Thornhill, is built on the Promenade Shopping Centre lands. The developer’s description says residents have direct ground-floor access to the mall. Its condominium was registered in October 2025, so units are new and exempt from Ontario’s rent increase guideline.
Sources
- World on Yonge, 7161-7171 Yonge St, Markham (building page)
- Promenade Park Towers, 1 Promenade Cir, Vaughan (building page)
- D’Or Condos, 10-20 Gatineau Dr, Vaughan (building page)
- Legacy Park Condos, 7890-7900 Bathurst St, Vaughan (building page)
- The Palladium, 7250 Yonge St, Vaughan (building page)
- TRREB Rental Market Report, Q2 2026
- Metrolinx: Yonge North Subway Extension
- Residential Tenancies Act, 2006 (Ontario e-Laws)
Related reading
- Top 5 Best Neighbourhoods to Live in Mississauga in 2027
- Top 5 Best Neighbourhoods to Live in Brampton in 2027
- Top 5 Best Neighbourhoods to Live in Markham in 2027
- Top 5 Best Neighbourhoods to Live in Oakville in 2027
About the author — Jatin Dua, Toronto and GTA real estate broker
I am Jatin Dua, Broker of Record and co-founder of RE/MAX Quantum Realty Inc., Brokerage, Unit 101, 799 The Queensway, Toronto. I work with buyers and sellers across Toronto and the GTA and have helped more than 100 families sell. Four-plus years of active GTA transactions and over $100 million in sales volume.
Reach me at [email protected] or 833-330-1925, or book a call.